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Honoring a person's wishes for their property and loved ones after they pass away is as simple as having a valid will. Indiana law sets specific guidelines for creating a legally enforceable will. Knowing these requirements can help prevent disputes and ensure that...
Managing an estate after a death often involves addressing debts. State laws guide the process of paying off these obligations to ensure the proper distribution of property to heirs and beneficiaries. Identifying debts and creditors The first step in handling debt...
A family business succession plan helps secure the future of the company by defining how leadership will transition. Creating a solid plan reduces uncertainty, strengthens relationships, and ensures a smooth transfer of responsibilities. Below are the key steps to...
A multigenerational farm's assets differ from those of a typical farm primarily in scale, complexity and legacy considerations. These differences need more comprehensive and nuanced estate planning to ensure the farm's continuity and legacy. Multigenerational farms...
Planning for the future is essential, especially for families with children who have special needs. Guardianship provisions play a crucial role in ensuring that these children receive the care and support they require if their parents or current guardians can no...
Estate planning can seem daunting, especially when you have multiple assets to consider. Understanding the basics of estate planning in Indiana is essential to creating a comprehensive plan. Understanding estate planning Estate planning involves preparing for the...
In Indiana, minimizing the impact of creditors on an estate is an important aspect of estate planning. By taking certain steps, you can protect your assets. You can also ensure that more of your estate goes to your heirs. Create a living trust A living trust is a...
Estate and trust administration plays an important role in managing and distributing assets after someone passes away. Many individuals approach estate planning with various misconceptions, which can lead to complications. Understanding the truth about several common...
Owning a farm means more than just running a business. It is also part of the legacy you will eventually pass on to your loved ones. When it comes to securing the future of your farm, utilizing a trust can offer numerous benefits. It is important to understand how...
As a farmer, your land is more than your livelihood. Farm properties form the foundation of your legacy. Protecting your farm to pass down to future generations requires careful estate planning. There are 4 key things to protect when estate planning for your farm. 1....
